Descartes Systems Group announced Monday that it has acquired Tai, a TMS provider for freight brokers, for $100 million. The deal was funded with cash on hand.
California-based Tai's AI-powered platform oversees the entire shipment lifecycle, including quoting, sourcing, execution and invoicing. The TMS primarily executes truckload, less-than-truckload, drayage and cross-border shipments.
"The acquisition expands our transportation management capabilities for freight brokers and adds valuable transaction, carrier and shipment execution data to the Descartes Global Logistics NetworkTM," said Andrew Wimer, ******* ociate general manager of transportation management at Descartes.
The Canadian company continues to expand its offering through acquisitions. It has executed 34 deals since 2017.
Descartes (NASDAQ: DSGX) acquired Latin American last-mile logistics tech provider Drivin for $30 million last month. It acquired Pittsburgh-based fleet safety solutions provider Idelic for $28 million in April.
#descartes #provider #Logistics #shipment
California-based Tai's AI-powered platform oversees the entire shipment lifecycle, including quoting, sourcing, execution and invoicing. The TMS primarily executes truckload, less-than-truckload, drayage and cross-border shipments.
"The acquisition expands our transportation management capabilities for freight brokers and adds valuable transaction, carrier and shipment execution data to the Descartes Global Logistics NetworkTM," said Andrew Wimer, ******* ociate general manager of transportation management at Descartes.
The Canadian company continues to expand its offering through acquisitions. It has executed 34 deals since 2017.
Descartes (NASDAQ: DSGX) acquired Latin American last-mile logistics tech provider Drivin for $30 million last month. It acquired Pittsburgh-based fleet safety solutions provider Idelic for $28 million in April.
#descartes #provider #Logistics #shipment
2 days ago
